ECONOMY FINANCE&BANKING

Direct foreign investments down 17 pct in first four months

Direct foreign investments dropped by some 17 per cent in the first four months of the year compared with the same period of last year, down to 1,323 million euros, according to data published by the National Bank of Romania (BNR).

“Non-residents’ direct investments in Romania totalled 1,323 million euros (compared with 1,592 million euros in January – April 2018), of which equity (including estimated net reinvestment of earnings) amounted to 938 million euros and intercompany lending recorded a net value of 385 million euros.

In January-April 2019, the number of newly-established companies running on foreign capital increased by 6.3 per cent, compared with the same period last year, up to 1,965 units, according to data centralized by the National Trade Register Office (ONRC). The 1,965 new companies had a subscribed capital worth a total of 4,873 million US dollars.

On April 30 2019, there were 223,299 companies running on foreign capital recorded in Romania, most of which, 47,841 respectively, were running on Italian capital, while the highest value belonged to the Dutch companies, of 12,858 million US dollars respectively, in 5,302 companies.

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